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The cryptocurrency market remains mainly red, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has dropped by 2.05% over the last 24 hours.
On the daily chart, the rate of ADA is about to break the local support level of $1.0431. If that happens, the accumulated energy might be enough for a move to the $1 area within the next few days.
ADA is trading at $1.0549 at press time.
BNB/USD
Binance Coin (BNB) is not an exception to the rule, falling by 1.06%.
From the technical point of view, BNB is looking not as bearish as ADA. However, the price is closer to the support than to the resistance.
Denys SerhiichukIf the rate approaches the $700 zone, there is a chance to see a level breakout, followed by a test of the $690 area.
BNB is trading at $711.76 at press time.
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya
Vladislav Sopov